How to Analyse the Calgary Housing Market – Buyer's Market vs Seller's Market

How to Analyse the Calgary Housing Market - Buyer's Market vs Seller's Market



so what is the difference between a buyers market and a seller's market well the difference is is essentially there is an advantage from one party over the other that's all it is it's an advantage so how do we figure out what advantage the market has specifically right now if you were a buyer or if you are a seller we use a number called absorption rate and how we figure out what absorption rate is is we want to figure out how many months worth of inventory we have for that specific home compare ibly to other properties or the neighborhood price points whatever it may be so what we do is we want to take how many active homes so let's say for example we have 10 homes that are currently for sale and if we have five homes that sell on average per month in that same price point community and area then we know that it should take us two months to sell these 10 homes at five homes per month so if we have between two and a half and four months worth of inventory that is going to be a balanced market if we have below two and a half months worth of inventory that is going to be a seller's market now if we have above four months inventory and that is going to be a buyers market generally speaking a buyers market you're gonna have slower sales longer days on market and the price is going to be going a little bit lower in a seller's market you're gonna have quicker sales and the price potentially could be rising so essentially that is the difference between what a buyers market is and what a seller's market is you

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